By Sabela Ojea
Shares of BlackSky Technology jumped after the company said it won a contract from an unnamed international customer to provide subscription-based on-demand Gen-2 imagery and analytics services.
The stock was up 21% to $20.30 on Tuesday, on pace for the highest close since Aug. 15, 2022. Shares have surged 88% year to date.
The space-based intelligence company that delivers on-demand, high frequency imagery and analytics said the contract also includes analyst training on its AI-powered BlackSky Spectra multi-intelligence tasking and analytics platform.
The company didn't disclose financial details of the agreement, but said it is a six-figure contract.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
February 18, 2025 13:15 ET (18:15 GMT)
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